KUALA LUMPUR, Feb 7 (Bernama) -- Syntagma Capital has entered into exclusive negotiations with Nexans SA to acquire its LAN/data centre (LAN/DC) and Telecom /Fibre (FTTx)division.
Headquartered in Paris, France, the business designs, manufactures, and distributes smart connectivity solutions based on optical fibre and copper technologies to data centres, smart buildings and telecom operators.
The proposed transaction, which is subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed by the end of the first half of 2023.
“Despite a challenging M&A market, we are continuing to find attractive opportunities to invest our capital while providing sellers with divestiture solutions for complex carve outs where speed and certainty are of the essence.
“This transaction represents our most recent carve out and reflects Syntagma’s strategy to acquire businesses that will benefit from a new owner to drive the next area of growth,” said Syntagma Managing Partner, Sebastien Kiekert Le Moult in a statement.
Meanwhile, Nexans Chief Executive Officer, Christopher Guérin said: “We are pleased that our Telecom Systems colleagues will join a strategic new home with Syntagma Capital to further invest and grow the business.
This powerful combination will deliver meaningful opportunities to employees and customers. I would like to thank the teams for the excellent work they have done in the past and I am confident in their future development,” he added.
Syntagma’s team involved in the transaction included Le Moult, Frank Coenen (Partner), Benjamin Dahan (Partner), João Pilecco (Senior Vice President) and Ludovic Ruffenach(Senior Associate).
Syntagma invests and operates companies in a broad range of industries with specific focus on material, chemical, industrial and business services markets and includes manufacturing, distribution, transportation and logistics, equipment rental, metals services and other industries.
-- BERNAMA
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